Almost 40% of workers in the United States are woefully unprepared for retirement, with less than $25,000 in total savings and investments. That’s not a huge surprise when you consider that 21% of workers with an employer-sponsored retirement plan are not contributing to their plan 44% are saving less than 10% of their income 33% are not familiar with…
Moroku is passionate about building long term value by helping kids learn the fundamentals of banking and including them in the financial system. Our beliefs create our reality and if we can influence these positively magic can happen. Fintech companies are targetting the Millennials market segment across the world and challenging existing banks and credit unions.…
Banking The Underserved As Chore Scout is creating a new segment, so too is Fintech Bank: a de novo bank startup in the USA focussed on banking Money Service Businesses. These include pawn brokers, pay day lenders, cheque cashers, title loan shops and other non-traditional financial providers. It is estimated that more than 40% of…
Temenos have 40 of the top 50 banks in the world running their software. After Moroku’s Chore Scout app was awarded 3rd best retail banking innovation in the world, by Temenos and their customers at their Innovation Jam in May last year, much has happened. After looking at 873 FinTech’s globally, Moroku Chore Scout has…
The Community Reinvestment Act (CRA), enacted by the United States Congress in 1977 is intended to encourage depository institutions in the USA to help meet the credit needs of the communities in which they operate. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as red lining.…
With over $12 bn in total assets, CUA is Australia’s largest Credit Union. The CUA School Fun Run is a fund-raising campaign for schools in Australia that is operated by CUA. Children create online profiles and encourage their friends and family to support them in an activity, such as a fun run. School’s keep 60%…
Moroku wants all kids to build a healthy relationship with and beliefs around money. We want to do this because we have a sense that money is a major way that we measure success and whilst it doesn’t create happiness there is no doubt that it is involved in many of life’s central missions: owning…
